Crestline Management LP Buys New Position in Universal Health Services, Inc. (NYSE:UHS)

Crestline Management LP acquired a new stake in Universal Health Services, Inc. (NYSE:UHS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,412 shares of the health services provider's stock, valued at approximately $253,000.

Several other hedge funds have also modified their holdings of UHS. Allspring Global Investments Holdings LLC increased its holdings in Universal Health Services by 22.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 54,105 shares of the health services provider's stock worth $9,721,000 after purchasing an additional 9,946 shares during the last quarter. Savant Capital LLC grew its position in shares of Universal Health Services by 255.3% in the 4th quarter. Savant Capital LLC now owns 6,345 shares of the health services provider's stock worth $1,138,000 after acquiring an additional 4,559 shares in the last quarter. Abacus Planning Group Inc. grew its position in shares of Universal Health Services by 175.6% in the 4th quarter. Abacus Planning Group Inc. now owns 2,792 shares of the health services provider's stock worth $501,000 after acquiring an additional 1,779 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Universal Health Services by 0.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,197,537 shares of the health services provider's stock worth $274,248,000 after acquiring an additional 10,578 shares in the last quarter. Finally, Empirical Finance LLC grew its position in shares of Universal Health Services by 43.3% in the 4th quarter. Empirical Finance LLC now owns 8,176 shares of the health services provider's stock worth $1,467,000 after acquiring an additional 2,472 shares in the last quarter. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Universal Health Services Price Performance

Shares of UHS traded up $2.22 during midday trading on Friday, reaching $198.10. The stock had a trading volume of 766,053 shares, compared to its average volume of 755,621. The firm's 50 day moving average price is $178.70 and its 200-day moving average price is $185.36. The company has a market capitalization of $12.88 billion, a P/E ratio of 13.17, a P/E/G ratio of 0.53 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.39 and a quick ratio of 1.28. Universal Health Services, Inc. has a 52 week low of $153.99 and a 52 week high of $243.25.

Universal Health Services (NYSE:UHS - Get Free Report) last announced its earnings results on Monday, April 28th. The health services provider reported $4.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.36 by $0.48. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.16 billion. Universal Health Services had a return on equity of 15.75% and a net margin of 6.66%. Universal Health Services's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.70 earnings per share. On average, analysts forecast that Universal Health Services, Inc. will post 15.92 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.40%. The ex-dividend date is Monday, June 2nd. Universal Health Services's payout ratio is 4.49%.

Insider Activity at Universal Health Services

In other Universal Health Services news, Director Maria Ruderman Singer sold 1,097 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $191.48, for a total value of $210,053.56. Following the transaction, the director now owns 7,884 shares in the company, valued at $1,509,628.32. The trade was a 12.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 16.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on UHS shares. Wells Fargo & Company decreased their target price on Universal Health Services from $230.00 to $225.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. Barclays boosted their price objective on Universal Health Services from $249.00 to $257.00 and gave the company an "overweight" rating in a research report on Tuesday, April 29th. Robert W. Baird restated a "neutral" rating and set a $224.00 price objective (down previously from $274.00) on shares of Universal Health Services in a research report on Tuesday, April 15th. Stephens boosted their price objective on Universal Health Services from $210.00 to $223.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Finally, Morgan Stanley assumed coverage on Universal Health Services in a research report on Wednesday, March 26th. They set an "equal weight" rating and a $200.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Universal Health Services currently has a consensus rating of "Hold" and a consensus price target of $224.77.

Universal Health Services Profile

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. It operates through Acute Care Hospital Services and Behavioral Health Care Services segments. The company's hospitals offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic and coronary care, pediatric services, pharmacy services, and/or behavioral health services.